Family Capital Trust Co Boosts Holdings in The Walt Disney Company (NYSE:DIS)

Family Capital Trust Co grew its holdings in The Walt Disney Company (NYSE:DIS) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 52,643 shares of the entertainment giant’s stock after purchasing an additional 7,149 shares during the quarter. Walt Disney accounts for about 2.0% of Family Capital Trust Co’s holdings, making the stock its 16th biggest holding. Family Capital Trust Co’s holdings in Walt Disney were worth $5,862,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Livforsakringsbolaget Skandia Omsesidigt lifted its stake in Walt Disney by 347.8% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 14,541 shares of the entertainment giant’s stock worth $1,398,000 after acquiring an additional 11,294 shares during the last quarter. Wynn Capital LLC lifted its stake in Walt Disney by 0.7% in the third quarter. Wynn Capital LLC now owns 16,793 shares of the entertainment giant’s stock worth $1,615,000 after acquiring an additional 119 shares during the last quarter. Asio Capital LLC raised its holdings in Walt Disney by 4.3% during the third quarter. Asio Capital LLC now owns 29,792 shares of the entertainment giant’s stock worth $2,866,000 after purchasing an additional 1,234 shares in the last quarter. Covea Finance raised its holdings in Walt Disney by 1.0% during the third quarter. Covea Finance now owns 566,016 shares of the entertainment giant’s stock worth $54,445,000 after purchasing an additional 5,700 shares in the last quarter. Finally, Cox Capital Mgt LLC acquired a new stake in Walt Disney during the third quarter worth approximately $2,231,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert A. Iger sold 372,412 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $114.57, for a total value of $42,667,242.84. Following the sale, the chief executive officer now directly owns 226,767 shares in the company, valued at $25,980,695.19. The trade was a 62.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brent Woodford sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $113.62, for a total transaction of $568,100.00. Following the completion of the sale, the executive vice president now owns 44,055 shares in the company, valued at $5,005,529.10. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,412 shares of company stock worth $44,153,263. Corporate insiders own 0.16% of the company’s stock.

Analyst Ratings Changes

DIS has been the topic of a number of research analyst reports. Macquarie reissued a “neutral” rating and set a $110.00 price objective on shares of Walt Disney in a report on Monday, January 6th. The Goldman Sachs Group raised their price objective on shares of Walt Disney from $137.00 to $139.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th. Guggenheim raised their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Piper Sandler initiated coverage on shares of Walt Disney in a report on Wednesday, October 16th. They set a “neutral” rating and a $95.00 price objective on the stock. Finally, Evercore ISI raised their price objective on shares of Walt Disney from $128.00 to $134.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.85.

Walt Disney Price Performance

Shares of NYSE DIS opened at $110.83 on Friday. The firm has a market capitalization of $200.36 billion, a P/E ratio of 36.10, a PEG ratio of 1.95 and a beta of 1.42. The Walt Disney Company has a one year low of $83.91 and a one year high of $123.74. The company’s fifty day moving average is $111.87 and its two-hundred day moving average is $101.14. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.67 and a current ratio of 0.68.

Walt Disney (NYSE:DIS) last issued its earnings results on Wednesday, February 5th. The entertainment giant reported $1.76 EPS for the quarter, topping the consensus estimate of $1.44 by $0.32. Walt Disney had a net margin of 6.07% and a return on equity of 9.95%. Analysts forecast that The Walt Disney Company will post 5.43 EPS for the current fiscal year.

Walt Disney Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Thursday, January 16th. Shareholders of record on Monday, December 16th were given a dividend of $0.50 per share. This is a positive change from Walt Disney’s previous semi-annual dividend of $0.45. This represents a dividend yield of 0.6%. The ex-dividend date of this dividend was Monday, December 16th. Walt Disney’s payout ratio is presently 32.57%.

Walt Disney Company Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.